I dont read too much into Soyuzneftegaz. They were involved in...

I dont read too much into Soyuzneftegaz. They were involved in the original recapitalisation. They held just under 5%. They then participate in the recent placement which increased their holdings to 7% and forced them to announce 'becoming a substantial holder'.

Same for the change of substantial holding for Waterfords. They participated in the placement and their percentage holding changed ever so slightly so they needed to inform the market.

Yes, supporting the placement is a positive and shows faith, but its also a cheap way of slowly taking over our company. That is the fear many of us have had for sometime.

Between the two, they have over a third of JPR. They have a past of being in bed together. If they continue to do placements to them, then slowly we will get taken over but without the premium.

The director is different. That is 100% positive. No doubt about it. Its a large sum for anyone to drop and wasnt part of supporting the placement. The interesting thing thoug is it was "off market". I wonder who had 10mil shares to sell?

Definately, as you are hinting, it looks like the next placement/Aims listing is nearing. The large holders will have an opportunity to sell into the new listing.

Aims will value JPR higher and it should then be reflected by higher sp on ASX. So we will all benefit. Just some more than others.